Tallying up the Full Cost of the Dollar's Exorbitant Privilege

[] (and how they pulled it off) [View in browser]( [View in browser]( [] From the Desk of Don Yocham: [] From the Desk of Don Yocham: [] [The Cost of the Dollar Status Quo]( Yield power over money to any sovereign, and history proves they will abuse it. Expecting anything different makes as much sense as leaving a bowl of Skittles in the middle of a playground packed with 8-year-olds and hoping to come back in an hour to enjoy some. It doesn’t happen. Whether through clipping gold and silver from coins of old or by printing money to sustain excessive spending today, fiat debasement has all the surprise of a full moon. But I gotta admit, the U.S. has brilliantly managed their power of the purse over the last 70 years. Not to the advantage of savers, mind you. But, on balance, the United States' exorbitant privilege has worked out well for most Americans. At least so far. The secret to that success boils down to one simple fact: very well-established network effects for the U.S. dollar. For decades, the dollar denominated nearly all global economic activity. It also fueled the rise of a free humanity’s biggest threat. [And here’s how they pulled it off…]( [] [Signature Don Yocham] Don Yocham [] p.s. – Find crypto confusing? Well, I want to make it simple. To that end, I’ll be hosting a livestream presentation today, at 4pm, over in the [Prosperity Pub Telegram channel](. You can join at no cost. I’ll cover the basics of cryptographic hashes – the most fundamental unit of blockchains. And don’t worry, it doesn’t take a math degree to get the gist. [] [The Cost of the Dollar Status Quo]( Yield power over money to any sovereign, and history proves they will abuse it. Expecting anything different makes as much sense as leaving a bowl of Skittles in the middle of a playground packed with 8-year-olds and hoping to come back in an hour to enjoy some. It doesn’t happen. Whether through clipping gold and silver from coins of old or by printing money to sustain excessive spending today, fiat debasement has all the surprise of a full moon. But I gotta admit, the U.S. has brilliantly managed their power of the purse over the last 70 years. Not to the advantage of savers, mind you. But, on balance, the United States' exorbitant privilege has worked out well for most Americans. At least so far. The secret to that success boils down to one simple fact: very well-established network effects for the U.S. dollar. For decades, the dollar denominated nearly all global economic activity. It also fueled the rise of a free humanity’s biggest threat. [And here’s how they pulled it off…]( [] [Signature Don Yocham] Don Yocham [] p.s. – Find crypto confusing? Well, I want to make it simple. To that end, I’ll be hosting a livestream presentation today, at 4pm, over in the [Prosperity Pub Telegram channel](. You can join at no cost. I’ll cover the basics of cryptographic hashes – the most fundamental unit of blockchains. And don’t worry, it doesn’t take a math degree to get the gist. [] Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. This email was sent to {EMAIL} by Prosperity Pub 495 Town Plaza | Ponte Vedra | FL | 32081 [Unsubscribe]( [] Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. This email was sent to {EMAIL} by Prosperity Pub 495 Town Plaza | Ponte Vedra | FL | 32081 [Unsubscribe](